Digital Brands Group Inc. (NASDAQ:DBGI) traded with a subtraction of -$0.22 to close at $4.18 on Friday, a downside of -5.00 percent. An average of 1,826,787 shares of common stock have been traded in the last five days. There was a fall of -$0.45 in the past week, and it reached a new high 4 times over the past 12 months. The last 20 days have seen an average of 3,082,782 shares traded, while the 50-day average volume stands at 2,635,830.
DBGI stock has decreased by -7.17% in the last month. The company shares reached their 1-month lowest point of $3.21 on 12/01/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $3.21 and a high of $275.00 in 52 weeks. It has reached a new high 3 times so far this year and lost -98.09% or -$225.83 in price. In spite of this, the price is down -98.48% from the 52-week high.
The quick ratio of Digital Brands Group Inc. for the recent quarter was 0.00, and the current ratio was 0.10, indicating that the company is not able to meet its debt obligations. Its gross profit as reported stood at $2.9 million compared to revenue of $7.58 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Digital Brands Group Inc.’s return on assets was -88.80%.
For the recent quarter, Digital Brands Group Inc. had $0.3 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.89 million in the quarter, while revenues of -$9.53 million were grew 100.0%. Shareholders own equity worth $1.07 million.
From a technical analysis perspective, let’s take a brief look at Digital Brands Group Inc. (DBGI) price momentum. RSI 9-day as of the close on 29 December was 49.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 152.71%.
As of today, DBGI’s price is $4.17 -9.74% or -$0.45 from its 5-day moving average. DBGI is currently trading +21.93% higher than its 20-day SMA and -69.34% lower than its 100-day SMA. However, the stock’s current price level is -50.36% below the SMA50 and -97.38% below the SMA200.
The stochastic %K and %D were 43.09% and 42.75%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 25.91% and the average true range at 0.93, the RSI (14) stands at 46.92%. The stock has reached 0.08 on the 9-day MACD Oscillator while the 14-day reading was at 0.11.